Erie Indemnity Co
NASDAQ:ERIE

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Erie Indemnity Co
NASDAQ:ERIE
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Price: 428.5 USD 0.82% Market Closed
Market Cap: 22.4B USD
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Gross Margin
Erie Indemnity Co

17.3%
Current
14%
Average
51.4%
Industry

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
17.3%
=
Gross Profit
636.2m
/
Revenue
3.7B

Gross Margin Across Competitors

Country US
Market Cap 22.4B USD
Gross Margin
17%
Country US
Market Cap 155.9B USD
Gross Margin
0%
Country CH
Market Cap 114.9B USD
Gross Margin
0%
Country JP
Market Cap 11.1T JPY
Gross Margin
0%
Country US
Market Cap 59.6B USD
Gross Margin
0%
Country US
Market Cap 54B USD
Gross Margin
0%
Country ZA
Market Cap 42.3B Zac
Gross Margin
0%
Country BM
Market Cap 37.5B USD
Gross Margin
0%
Country JP
Market Cap 5.6T JPY
Gross Margin
0%
Country CA
Market Cap 48.5B CAD
Gross Margin
0%
Country CN
Market Cap 248.8B CNY
Gross Margin
0%
No Stocks Found

Erie Indemnity Co
Glance View

Market Cap
22.4B USD
Industry
Insurance

Erie Indemnity Company, established in 1925, stands as a prominent figure in the insurance industry, primarily known for its unique role as the management company for the Erie Insurance Group. Based in Erie, Pennsylvania, the company operates on a distinct model where it provides essential administrative services and earns fees for these services rather than directly underwriting insurance policies. This strategic positioning allows Erie Indemnity to enjoy a stable revenue stream, significantly insulated from the volatility often associated with traditional insurance underwriting. The company sustains a strong reputation for its customer-centric approach, earning trust through consistent service excellence and a focus on long-term growth, ultimately feeding into its commitment to enhancing shareholder value. As an investor, being drawn to Erie Indemnity means recognizing its solid financial fundamentals and impressive track record of profitability. The company has demonstrated resilience throughout fluctuating market cycles, driven by its prudent risk management practices and diversified service offerings. With a consistent tendency to return capital to shareholders via dividends, Erie Indemnity not only showcases its commitment to value creation but also presents an attractive proposition for investors seeking income and stability. Furthermore, as the insurance landscape continues to evolve, the company’s established presence and innovative service delivery model position it favorably to capitalize on new market opportunities, ensuring its long-term relevance and growth in an ever-changing environment.

ERIE Intrinsic Value
211.39 USD
Overvaluation 51%
Intrinsic Value
Price

See Also

Discover More
What is Gross Margin?

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
17.3%
=
Gross Profit
636.2m
/
Revenue
3.7B
What is the Gross Margin of Erie Indemnity Co?

Based on Erie Indemnity Co's most recent financial statements, the company has Gross Margin of 17.3%.